Credit cards
JP Morgan’s CRO on the bank’s six buckets of risk
Risk30: From loan losses to electromagnetic pulses, JPMorgan Chase has a place for it
Resilience, underbanking and overlending in Latin America
Surviving disasters needs more than a BCM plan
Severity of fraud falling across Europe
Fico and Euromonitor collect European card fraud data and SAS Software tracks biggest op risk events
Firms need to improve card security measures, say experts
With fraudsters becoming more sophisticated, companies that handle payment card data cannot simply rely on minimum industry security standards, say experts
RBI’s revised securitisation guidelines could ‘kill’ Indian market
The latest Reserve Bank of India revised draft guidelines for securitised transactions released late September have drawn criticism from market participants for being far too restrictive, with one lawyer saying the rules in their current form would …
Capital One: banking on banking
Capital gains
UK trio sentenced for phishing scam
Three men have been sentenced to a total of 13 years and six months for their part in a phishing scam that attempted to steal more than £1.3 million
The FDIC’s only safe harbour is from itself: Joseph Mason column
The US Court of Appeals has ruled against the FDIC in a case that gave rise to the regulator’s original safe harbour provisions for securitisation deals.
US regulatory changes weigh on consumer ABS
Analysts declare Talf a success but say consumer ABS growth could be hampered by regulatory and accounting uncertainty
FDIC reveals impact of securitisation rule change
The latest US bank results show the effect of recent changes in accounting rules, which brought $295 billion in securitised loans back on to balance sheets
Opening cards
Unprecedented losses on credit card loans are haunting banks and could cause pain for investors in credit card asset-backed securities (ABSs). But despite this, dealers say government support has rehabilitated the market for credit card ABSs. Mark…
House of cards
Credit Card Fraud
HSBC adopts SAS enterprise fraud system
Daily news headlines
UK fraud police unit claims £315m saved
Daily news headlines
UK gang makes £3.5m from cloned credit cards
Daily news headlines
FDIC Announces $114 million Compucredit Settlement
Losses and Lawsuits
Fed proposes unfair practices rules for cards and overdrafts
Daily news headlines
CP3 comments: Any last words?
The comments elicited by the Basel Committee's third consultative paper (CP3) show just how little consensus exists between regulators and banks on the Basel II capital Accord. Dwight Cass highlights some of the telling comments.